The Fidelis Partnership has outlined plans to establish a new Lloyd's service company in Singapore named The Fidelis Partnership APAC, with underwriting scheduled to begin on 1 January 2027 pending regulatory approval. Bilal Zafar has been appointed as Chief Executive Officer of the proposed business, moving from Volante Global alongside Song Liu.
Underwriting capacity and classes
The new operation will focus on proportional and non-proportional treaty reinsurance covering property and engineering, marine and energy, casualty, and specialty risks. Capacity will be accessed from Fidelis Syndicates 3123 and 2126 through the Lloyd's Asia platform.
Why it matters
The proposed launch of The Fidelis Partnership APAC is subject to regulatory approval, with underwriting slated to begin on 1 January 2027 to target expanding Asian reinsurance markets.
Jargon, explained
reinsurance
Insurance that insurers buy to transfer part of their own claims exposure.
underwriting
Assessing a risk and deciding whether to provide insurance, at what price and on which terms.
syndicate
At Lloyd's, a group of members whose capital backs insurance risks, operated by a managing agent.
Original source
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